December 3, 2021
Small Business Answers – eGuarantee unlocks cash with lease bonds
eGuarantee, Australia’s exclusive distributor of lease bonds, has issued over $8 million in bonds and has an additional $9 million waiting to be issued. Lease bonds, which are a digitized, non-collateralized alternative to bank guarantees, provide access to capital for small businesses during the COVID-19 crisis, as only 40% of small businesses have enough cash flow to survive the end of lockdowns. The bonds help businesses redirect money back into their operations. eGuarantee provides benefits to both tenants and landlords, with tenants receiving a rate of return on their working capital and landlords easing the lease security burden.
Read the full article here: https://www.smallbusinessanswers.com.au/news/eguarantee-unlocks-cash-with-lease-bonds